PTC Industries Limited, a leading manufacturer of high-performance materials and precision-engineered components for defence and aerospace applications, has signed a Memorandum of Understanding (MoU) with Bharat Dynamics Limited (BDL) to form a Joint Venture Company (JVC). The new entity will focus on the design, development, and manufacturing of complete propulsion systems, guided bombs, and aero-engines for missiles, UAVs, and loitering munitions—subject to regulatory approvals.
The MoU was exchanged during the Lokarpan Ceremony of PTC’s Titanium & Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC) in Lucknow, in the presence of Defence Minister Shri Rajnath Singh and Uttar Pradesh Chief Minister Shri Yogi Adityanath.
BDL, a key defence public sector enterprise, is known for its expertise in manufacturing guided missiles and underwater weapons for the Indian Armed Forces. Through this partnership, PTC and BDL aim to strengthen India’s self-reliance in defence production, aligning closely with the Government’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.
The collaboration will significantly reduce India’s dependence on foreign suppliers and accelerate indigenous production of propulsion systems, including liquid and solid rocket motors, ramjet and turbojet engines used in missiles, UAVs, and drones. It will also leverage PTC’s advanced manufacturing capabilities and material expertise to establish a fully integrated, India-based design-to-delivery ecosystem for strategic propulsion and engine technologies.
